José Ramón Iturriaga, manager of Okavango Delta and Spanish Opportunities fund, views Spanish banks as a historic investment opportunity. Banks have been, especially in Spain, ‘super hated’ stocks as a consequence of political uncertainty reflecting a higher risk perception. Fuente: Citywire Artículo completo: Top Spanish selector names her favourite financials funds.
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«The level of foreign investors in Spanish equities is quite low which creates opportunities»
Six months after the last general election, Spain once again went out to vote in order to end the political stalemate. The conservative Popular party won the 33% of the vote, making acting prime minister Mariano Rajoy a strong contender to lead the next government. The result contrasted with poll which forecast a shift to the left in favour of Unidos Podemos. The result means that neither the left or the right hold a majority and party leaders face a number of coalition options similar to those after the elections in December. So far markets seemed to have reacted positively, with […]
Leer másTop multi-strategy manager: why I’ve gone 100% into Spanish equity
Many European equity investors have championed opportunities in peripheral nations but few have thrown their weight behind the recovery like José Ramón Iturriaga. Fuente: Citywire Global Artículo completo: Top multi-strategy manager: why I’ve gone 100% into Spanish equity. Si quieres ampliar la información sobre el rating de Citywire pincha aquí.
Leer másSpanish revival: top managers of the past three years
Beating the competition is Jose Ramón Iturriaga, who manages the Spanish Opportunities fund at Abante. Financials is the largest sector, making up a quarter of the fund, while insurance company Grupo Catalana Occidente is the top holding (9.2%). Fuente: CityWire Global Artículo completo: Spanish revival: top managers of the past three years.
Leer másThe Outlook for Spain and the Eurozone
Since the end of 2010, your thesis has been that Germany would yield to the pressure of its EU partners and embrace expansive monetary policy (like the issuance of eurobonds) once the periphery countries complied with some painful reforms. How well has reality conformed to what you foresaw at that time? José Ramón Iturriaga: The approach to solving the European crisis hasn’t been quite showy, but it’s been very effective. The structural reforms undertaken were unthinkable just a few years ago. In Spain, in particular, the production model has been turned upside down. The competitiveness gains, as a consequence of the […]
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